<p>SBI Chairman O P Bhatt on Monday sounded optimistic on economic growth and projected nearly 7 per cent expansion this fiscal, on a day when RBI professional forecasters revised down the forecast to 6 per cent.<br />“Economic activity will gather steam and momentum. We may not grow at 9 per cent but at (about) 7 per cent,” Bhatt said at an event here. Observing that the country was witnessing a revival in economic activity, he said growth would be more widespread and sustainable.<br /><br />India’s economic activity would gather momentum, but the country may not be able to meet its aspiration of growing at nine per cent, he said.</p>
<p>SBI Chairman O P Bhatt on Monday sounded optimistic on economic growth and projected nearly 7 per cent expansion this fiscal, on a day when RBI professional forecasters revised down the forecast to 6 per cent.<br />“Economic activity will gather steam and momentum. We may not grow at 9 per cent but at (about) 7 per cent,” Bhatt said at an event here. Observing that the country was witnessing a revival in economic activity, he said growth would be more widespread and sustainable.<br /><br />India’s economic activity would gather momentum, but the country may not be able to meet its aspiration of growing at nine per cent, he said.</p>